Monday, March 9, 2009

Moody's, which has long been criticized for sleeping through the credit bubble and, by many accounts, causing it in the first place, just came out with an attempt at absolution. In a quarterly publication called the "Bottom Rung", the rating agency list 283 companies which it believes are the most likely to default. Criteria for inclusion in this list include primarily liquidity and credit risk. Among the sectors most represented are media, automotive, retail, manufacturing, gaming and consumer products. Moody's dedication to its new job of a "rating" agency instead of "provide AAA rating for cash" agency manifests in the 126 new companies added to the "death list" compared to last year's 157.

Anyway, we post the full list below in all its 283 dead men walking glory and advise anyone who may have an investment in any of the listed lepers, to take their loss and run for the hills.

You violate my peace of mind with this post. I read down the names of the brands at-risk, and the names zing in my head, like the names of family members, beloved pets and old girl friends. This can't be right, Zero Hedge...go check again, please, go check again..